Valero energy corp/tx (VLO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Revenues

108,324

117,033

93,980

75,659

87,804

130,844

138,074

138,393

125,987

82,233

64,599

-

89,987

Cost of sales:
Cost of materials and other

96,476

104,732

83,037

65,962

73,861

118,141

127,316

126,485

115,719

74,458

58,686

-

77,059

Lower of cost or market (LCM) inventory valuation adjustment

-

-

-

-747

790

0

0

-

-

-

-

-

-

Operating expenses (excluding depreciation and amortization expense reflected below)

4,868

4,690

4,504

4,251

4,243

4,387

4,323

-

-

-

-

-

3,666

Depreciation and amortization expense

2,202

2,017

1,934

1,846

1,795

1,690

1,720

1,549

1,534

1,405

1,361

-

1,244

Total cost of sales

103,546

111,439

89,475

71,312

80,689

124,942

134,117

133,349

122,307

80,357

64,516

-

83,357

Other operating expenses

21

45

61

0

0

-

-

-

-

-

-

-

-

Refining

-

-

-

-

-

-

-

3,513

3,406

2,944

2,880

-

-

Retail

-

-

-

-

-

-

-

686

678

654

626

-

750

Ethanol

-

-

-

-

-

-

-

332

399

363

169

-

-

General and administrative expenses (excluding depreciation and amortization expense reflected below)

868

925

829

709

710

724

758

698

571

531

572

-

638

Depreciation and amortization expense

53

52

52

48

47

-

-

-

-

-

-

-

-

Asset impairment loss

-

-

-

56

0

0

-

86

0

2

222

103

0

Gain on sale of Krotz Springs Refinery

-

-

-

-

-

-

-

-

-

-

-

-

0

Operating income (loss)

3,836

4,572

3,563

3,534

6,358

5,902

3,957

5,044

3,680

1,876

83

-

6,630

Gain on disposition of retained interest in CST Brands, Inc.

-

-

-

-

-

-

325

0

0

-

-

-

-

Other income, net

104

130

112

94

46

47

59

10

43

106

17

-

167

Interest Expense

454

470

468

446

433

397

365

314

401

484

416

-

466

Income (loss) before income tax expense (benefit)

3,486

4,232

3,207

3,182

5,971

5,552

3,976

4,740

3,322

1,498

-316

-

-

Capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-105

Income Tax Expense (Benefit)

702

879

-949

765

1,870

1,777

1,254

1,626

1,226

575

-43

-

2,059

Income from continuing operations

-

-

-

-

-

3,775

2,722

3,114

2,096

923

-273

-

6,436

Loss from discontinued operations

-

-

-

-

-

-64

6

-1,034

-7

-599

-1,709

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

2,784

3,353

4,156

2,417

4,101

3,711

2,728

2,080

2,089

324

-1,982

-

-

Less: Net income attributable to noncontrolling interests

362

231

91

128

111

81

8

-3

-1

0

0

-

-

Goodwill impairment loss

-

-

-

-

-

-

-

-

-

-

-

4,069

0

Net Income (Loss) Attributable to Parent

2,422

3,122

4,065

2,289

3,990

3,630

2,720

2,083

2,090

324

-1,982

-1,131

5,234

Net income attributable to Valero Energy Corporation stockholders:
Continuing operations

-

-

-

-

-

3,694

2,714

3,117

2,097

923

-273

-

4,377

Discontinued operations

-

-

-

-

-

-64

6

-1,034

-

-

-

-

-

Earnings per common share
Continuing operations

-

-

-

-

-

7.00

4.98

5.64

3.70

1.63

-0.50

-

7.73

Discontinued operations

-

-

-

-

-

-0.12

0.01

-1.87

-0.01

-1.06

-3.17

-

1.51

Earnings (loss) per common share (in dollars per share)

5.84

7.30

9.17

4.94

8.00

6.88

4.99

3.77

3.69

0.57

-3.67

-2.16

9.24

Weighted Average Number of Shares Outstanding, Basic

413

426

442

461

497

526

542

550

563

563

541

-

565

Earnings per common share assuming dilution
Continuing operations

-

-

-

-

-

6.97

4.96

5.61

3.69

1.62

-0.50

-

7.40

Discontinued operations

-

-

-

-

-

-0.12

0.01

-1.86

-0.01

-1.05

-3.17

-

1.48

Earnings (loss) per common share – assuming dilution (in dollars per share)

5.84

7.29

9.16

4.94

7.99

6.85

4.97

3.75

3.68

0.57

-3.67

-2.16

8.88

Weighted Average Number of Shares Outstanding, Diluted

414

428

444

464

500

530

548

556

569

568

541

-

579

Supplemental information:
Supplemental information:
Dividends per common share (in dollars per share)

-

-

-

-

1.70

1.05

0.85

0.65

0.30

0.20

0.60

0.57

0.48

Includes excise taxes on sales by certain of our international operations

5,595

5,626

5,573

-

-

-

-

-

-

891

873

-

801

Segment, Continuing Operations [Member]
Refining and Marketing Revenue

-

-

-

-

-

-

-

-

-

-

-

106,676

-

Cost of sales

-

-

-

-

-

-

-

-

-

-

-

96,087

-

Refining

-

-

-

-

-

-

-

-

-

-

-

3,731

-

Retail

-

-

-

-

-

-

-

-

-

-

-

676

-

Ethanol

-

-

-

-

-

-

-

-

-

-

-

0

-

General and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

559

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

1,304

-

Noncash Project Abandonment Costs

-

-

-

-

-

-

-

-

-

-

-

86

-

Gain on sale of Krotz Springs Refinery

-

-

-

-

-

-

-

-

-

-

-

305

-

Total costs and expenses

-

-

-

-

-

-

-

-

-

-

-

106,145

-

Operating income (loss)

-

-

-

-

-

-

-

-

-

-

-

531

-

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

113

-

Incurred

-

-

-

-

-

-

-

-

-

-

-

452

-

Capitalized

-

-

-

-

-

-

-

-

-

-

-

-92

-

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Cumulative Effects of Changes in Accounting Principles, Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

284

-

Income tax expense (benefit)

-

-

-

-

-

-

-

-

-

-

-

1,438

-

Goodwill impairment loss

-

-

-

-

-

-

-

-

-

-

-

4,007

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-1,154

-

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-2.20

-

Weighted-average common shares outstanding (in millions)

-

-

-

-

-

-

-

-

-

-

-

524

-

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-2.20

-

Weighted-average common shares outstanding - assuming dilution (in millions)

-

-

-

-

-

-

-

-

-

-

-

524

-

(a) Includes excise taxes on sales by our U.S. retail system

-

-

-

-

-

-

-

-

-

-

-

816

-

Segment, Discontinued Operations [Member]
Income (loss) from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

23

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

0.04

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

0.04

-